Stand Up to the IRS Blog

Penalties are assessed, the IRS claims, to encourage compliance. The fear of penalties is supposed to keep all of us in line, reporting and paying our taxes in a timely manner. What happens when you have a real excuse?

Unfortunately not everyone qualifies for the Offer in Compromise. But, there are several ways to reduce the total amount of money you pay toward your IRS tax debt. Let's take a look.

Have you filed your W2/W3 forms completely and correctly each year with the Social Security Administration (SSA)? If you haven't filed your W2/W3 forms, your business may be looking at a hefty Civil Penalty.

Owe payroll tax? You may be able to reduce the Federal Tax Deposit (FTD) penalty charged to your business for making your EFTPS deposits late. Under the authority of the Internal Revenue Code, a you may designate deposits within a 941 reporting period.

Internal Revenue Manual (IRM) Section 20.1 outlines the basics of IRS penalty relief. If you are planning to resolve your own tax debt and submit a request for the abatement of penalties yourself, this is a great place to start. It outlines the purpose